Meeting Details

The 54th Annual General Meeting was held on Monday, September 14, 2026, from 01:00 PM to 02:31 PM through Video Conferencing (VC) and Other Audio-Visual Means (OAVM). The meeting was conducted in compliance with MCA circulars, SEBI circulars, and Companies Act, 2013 provisions.

Attendance

Total 102 members representing 43,64,194 shares (including corporate representatives) attended the AGM through VC.

Directors and Officials Present

  • Mr. Akio Fujita: Chairman & Managing Director
  • Mr. Jayesh Mehta: Independent Director; Chairman of Audit Committee & Stakeholders Relationship Committee
  • Mr. Srinivas Gunta: Independent Director

In Attendance

  • Mr. Harsh Agarwal: Chief Financial Officer
  • Ms. Srishti Jain: Company Secretary
  • Mr. Sulabh Kedia: Statutory Auditors (M/s BSR and Co)
  • Mr. Sonesh Sethna: Statutory Auditors (M/s BSR and Co)
  • Mr. Rajat Jain: Internal Auditor (M/s Mahesh C. Solanki & Co.)
  • Mr. J. J. Gandhi: Secretarial Auditors (M/s J. J. Gandhi & Co.)
  • Mr. Vijay Bhatt: Scrutinizer for e-voting (M/s Vijay Bhatt & Co.)

Key Proceedings

The Company Secretary briefed members on relevant advisory and confirmed that the Notice convening the AGM, Board's Report, and Annual Financial Statements were taken as read.

The Independent Auditors' Report issued by B S R & Co. for FY 2025-26 contains a modified opinion relating to implementation of and compliance with the Battery Waste Management Rules, 2022. Except for this modified opinion, there were no other qualifications, observations, comments, or adverse remarks in the Auditors' Report.

The Register of Members, Register of Directors and Key Managerial Personnel and their shareholding, and Register of Contracts or Arrangements in which Directors are interested were available for electronic inspection by members.

Mr. Akio Fujita, Chairman & Managing Director, provided an overview of the company's performance for financial year 2025-26, business activities, and future outlook.

Business Transacted

The following five resolutions were considered and approved:

1. Ordinary Resolution: To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2026 together with the Reports of the Board of Directors and the Auditors thereon.

2. Ordinary Resolution: To declare dividend on the equity shares for the financial year ended March 31, 2026.

3. Ordinary Resolution: To appoint a Director in place of Mr. Tadasuke Hosoya (DIN 08232012), who retires by rotation and being eligible, offers himself for re-appointment.

4. Ordinary Resolution: Ratification of Remuneration to Cost Auditor.

5. Special Resolution: Shifting of Registered Office from the State of Gujarat to the State of Madhya Pradesh and Consequential Alteration of Clause II of the Memorandum of Association.

Voting Process

Remote e-voting facility was provided to members from IST 9:00 am on Friday, September 11, 2026, until 5:00 pm on Sunday, September 13, 2026. Members participating in the meeting who had not cast votes through remote e-voting were provided opportunity to vote through e-voting during the meeting.

Mr. Vijay Bhatt of M/s Vijay Bhatt & Co. was appointed as scrutinizer to compile results of remote e-voting and e-voting at the AGM. The scrutinizer's report along with e-voting results will be placed on the company website within statutory time and provided to BSE.

Queries and Responses

Registered speaker shareholders sought clarifications on financial statements and proposed resolutions. Mr. Harsh Agarwal, Chief Financial Officer, replied to the queries.

Meeting Conclusion

The meeting concluded with a vote of thanks to the Chairman at 02:31 PM.